Listing Agency: SVN | Latus Show Phone

Listed By: Laura Martin · License #RM419784 Show Phone

Source: Moodyscre

Added: Mar 10, 2025 Changed: Oct 25 Last Checked: Oct 30 at 2:57PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex space in Annville, PA is under light industrial zoning, offering many permitted uses. The property includes custom improvements such as a waiting area, a small office, and a loft area for storage.

In addition to the current layout, there is available land to build on or expand the operation, with an alley that provides a second access point. The space can be configured as one space and is currently set up as two spaces.

With 3,200 square feet of property size, this offering can support a light industrial tenant looking for flexible space and the ability to grow on-site while maintaining practical access through the alley.

Key Highlights

• 3,200 SF flex space under light industrial zoning
• Available land to build on or expand the operation
• Alley provides a second access point

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,384

Cap Rate

3.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$447,680 $447.7K

Cap Rate 7%

$319,771 $319.8K

Cap Rate 9%

$248,711 $248.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$36.5K $11.40/SF

− Vacancy

−$2.0K −$0.64/SF

EGI

$34.4K $10.76/SF

− OpEx

−$12.1K −$3.77/SF

NOI

$22.4K $7.00/SF

Area

Lebanon County, PA

Vacancy

5.60%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$447,680

Cap Rate 7%

$319,771

Cap Rate 9%

$248,711

Alternative Uses

Best Use

Flex RnD

$319.8K

$279.8K – $373.1K (±1% cap)

NOI $22,384 @ 7.0% cap · market cap 3.22%

Second Best

Industrial

$266.7K

$233.4K – $311.2K (±1% cap)

NOI $18,672 @ 7.0% cap · market cap 2.69%

Theoretical Best

Office A

$751.1K

$657.2K – $876.3K (±1% cap)

NOI $52,577 @ 7.0% cap · market cap 7.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Law Firm Parking Lot & Garage Grocery & Convenience Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

298

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 17003, PA

12,329

Population

4,507

Households

2.7

Avg Household Size

40

Median Age

33%

College-Educated

93%

High-School Grad

42.7 sq mi

ZIP Area

289

Density / Sq Mi

$87,350

Median Household Income

$36,394

Median Earnings

$1,088

Median Rent

$242,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Light industrial flex space with a custom waiting area, small office, loft storage, and alley access for expansion.

Where is this flex space located?

The property is located at 145 N Moyer St Annville, PA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 3,200 SF flex space under light industrial zoning; Available land to build on or expand the operation; Alley provides a second access point